The reforms have been touted as a post-Brexit overhaul of EU laws that “choke off growth.”Story Published at: December 09, 2022 at 02:36PM
UK’s new finance reforms part of a 20-year plan to be ‘world’s next Silicon Valley,’ minister says
Grocery delivery firm Getir acquires embattled rival Gorillas as industry consolidates
The long-rumored takeover reportedly values Gorillas at $1.2 billion, down 15% from its last valuation.Story Published at: December 09, 2022 at 02:56PM
Arizona Sen. Kyrsten Sinema leaves Democratic party to become independent
Sinema said in a tweet she was declaring her “independence from the broken partisan system in Washington and formally registering as an Arizona Independent.”Story Published at: December 09, 2022 at 12:20PM
Huawei licenses 5G patents to rival as U.S. sanctions force the Chinese giant to seek new revenue
Huawei historically has not monetized its huge chest of 5G patents but it is looking to find new revenue streams after U.S. sanctions crushed its mobile business.Story Published at: December 09, 2022 at 12:21PM
China, Saudi Arabia stress importance of oil market stability as Xi visits Riyadh
China and Saudi Arabia stressed the importance of oil market stability during President Xi Jinping’s three-day visit to the Mideast Gulf kingdom. Story Published at: December 09, 2022 at 12:00PM
TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders
The world’s largest contract chipmaker reported the November surge thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone.Story Published at: December 09, 2022 at 09:33AM
Southeast Asia’s 5G outlook remains ‘bleak’ in short term despite tech giant partnership, report says
A report by Fitch Solutions says that a 5G partnership between two conglomerates could help accelerate 5G in Southeast Asia but the outlook remains “bleak.”Story Published at: December 09, 2022 at 04:10AM
China’s yuan could get a boost as Covid measures ease, says BK Asset Management
The onshore and offshore Chinese yuan is expected to strengthen even further than current levels, according to BK Asset Management.Story Published at: December 09, 2022 at 02:33AM
China’s reopening from Covid won’t be a straight path forward
As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation.Story Published at: December 09, 2022 at 01:34AM
SEC issues new guidance requiring companies to disclose cryptocurrency risks
Under the new SEC guidance, companies will have to include crypto asset holdings as well as their risk exposure to the FTX bankruptcy in their public filings.Story Published at: December 08, 2022 at 09:13PM